DELFT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DELFT
Largest movements
- Cash -€16,329
down €16,329 (-87.5%), from €18,655 to €2,326
mainly Receivables within one year (-€12,028) and Investment in fixed assets (net) (-€8,413)
- Receivables within one year +€12,028
up €12,028 (+3111.8%), from €387 to €12,414
- Tangible fixed assets +€7,568
up €7,568 (+740.9%), from €1,021 to €8,590
- Trade debts +€8,488
up €8,488 (+67.8%), from €12,521 to €21,010
- Tax, wage and social debts -€3,684
down €3,684 (-22.8%), from €16,161 to €12,477
of which Taxes: -€6,578
- Profit (loss) carried forward -€918
down €918 (-2.5%), from -€37,441 to -€38,358
- Other debts -€390
down €390 (-4.4%), from €8,849 to €8,459
- Staff costs +€10,352
up €10,352 (+37.7%), from €27,457 to €37,809
- Taxes -€1,219
down €1,219, from €1,215 to -€4
- Gross operating margin -€1,007
down €1,007 (-2.2%), from €46,032 to €45,026
- Financial charges +€642
up €642 (+19.3%), from €3,326 to €3,967
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,392 | €35,669 | +€3,278 | +10.1% |
| Fixed assets | 21/28 | €9,730 | €17,299 | +€7,568 | +77.8% |
| Tangible fixed assets | 22/27 | €1,021 | €8,590 | +€7,568 | +740.9% |
| Plant, machinery and equipment | 23 | €1,021 | €8,590 | +€7,568 | +740.9% |
| Financial fixed assets | 28 | €8,709 | €8,709 | = | 0.0% |
| Current assets | 29/58 | €22,661 | €18,371 | -€4,291 | -18.9% |
| Stocks and contracts in progress | 3 | €3,380 | €3,631 | +€251 | +7.4% |
| Stocks | 30/36 | €3,380 | €3,631 | +€251 | +7.4% |
| Amounts receivable within one year | 40/41 | €387 | €12,414 | +€12,028 | +3111.8% |
| Trade receivables | 40 | €387 | €12,414 | +€12,028 | +3111.8% |
| Cash at bank and in hand | 54/58 | €18,655 | €2,326 | -€16,329 | -87.5% |
| Deferred charges and accrued income | 490/1 | €240 | - | -€240 | |
| Total equity and liabilities | 10/49 | €32,392 | €35,669 | +€3,278 | +10.1% |
| Equity | 10/15 | -€5,358 | -€6,276 | -€918 | -17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,482 | €13,482 | = | 0.0% |
| Distributable reserves | 133 | €13,482 | €13,482 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,441 | -€38,358 | -€918 | -2.5% |
| Amounts payable | 17/49 | €37,750 | €41,945 | +€4,195 | +11.1% |
| Amounts payable within one year | 42/48 | €37,531 | €41,945 | +€4,414 | +11.8% |
| Trade debts | 44 | €12,521 | €21,010 | +€8,488 | +67.8% |
| Suppliers | 440/4 | €12,521 | €21,010 | +€8,488 | +67.8% |
| Taxes, remuneration and social security | 45 | €16,161 | €12,477 | -€3,684 | -22.8% |
| Taxes | 450/3 | €11,808 | €5,230 | -€6,578 | -55.7% |
| Remuneration and social security | 454/9 | €4,353 | €7,247 | +€2,894 | +66.5% |
| Other amounts payable | 47/48 | €8,849 | €8,459 | -€390 | -4.4% |
| Accrued charges and deferred income | 492/3 | €219 | - | -€219 | |
| Remuneration, social security and pensions | 62 | €27,457 | €37,809 | +€10,352 | +37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €845 | +€416 | +97.0% |
| Other operating charges | 640/8 | €3,409 | €3,377 | -€31 | -0.9% |
| Gross operating margin | 9900 | €46,032 | €45,026 | -€1,007 | -2.2% |
| Operating profit (loss) | 9901 | €14,738 | €2,995 | -€11,743 | -79.7% |
| Financial income | 75/76B | €375 | €52 | -€323 | -86.2% |
| Recurring financial income | 75 | €375 | €52 | -€323 | -86.2% |
| Financial charges | 65/66B | €3,326 | €3,967 | +€642 | +19.3% |
| Recurring financial charges | 65 | €3,326 | €3,967 | +€642 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €11,787 | -€921 | -€12,708 | |
| Income taxes | 67/77 | €1,215 | -€4 | -€1,219 | |
| Profit (loss) for the period | 9904 | €10,572 | -€918 | -€11,489 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,572 | -€918 | -€11,489 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.